Net News search results for: terra firma
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December 13, 2010
Reports: Guy Hands Warns Investors He May Lose Control Of EMI To Citigroup
Reports in the NEW YORK POST and SUNDAY TIMES of LONDON say that GUY HANDS has been telling investors in his TERRA FIRMA to prepare for lender CITIGROUP to take over EMI. HANDS reportedly is warning his backers that he may lose control of the label after … more »
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December 2, 2010
Ruth Prior Named CFO At EMI
EMI has NAMED RUTH PRIOR as Chief Financial Officer. PRIOR has spent the last three years at TERRA FIRMA as a senior adviser to both EMI MUSIC and EMI MUSIC PUBLISHING as Finance Dir./Portfolio … more »
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November 15, 2010
The EMI Rumors Continue
On FRIDAY (NET NEWS 11/12), ALL ACCESS reported that EMI GROUP CEO ROGER FAXON was busy trying to dispel "crazy headlines" about the music label in the wake of the CITIGROUP win over TERRA FIRMA in court (NET NEWS 11/4) over the purchase of … more »
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November 12, 2010
EMI CEO Addresses 'Crazy Headlines'
EMI GROUP CEO ROGER FAXON was busy trying to dispel "crazy headlines" about the music label YESTERDAY (11/11), reports THE NEW YORK POST. In the wake of last week's CITIGROUP win over TERRA FIRMA in court (NET NEWS 11/4) over the purchase of … more »
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November 8, 2010
After Court Defeat, What's Next For EMI?
With last week's defeat in a MANHATTAN courtroom, what does the future hold for EMI MUSIC? CITIGROUP was exonerated on fraud charges in NEW YORK DISTRICT COURT THURSDAY, NOVEMBER 4th. A jury of five men and three women found the company didn't … more »
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November 4, 2010
Citigroup Beats Fraud Rap In EMI Case
CITIGROUP was exonerated on fraud charges in a NEW YORK DISTRICT COURT earlier TODAY. The WALL STREET JOURNAL reports that a jury of five men and three women found the company didn't commit fraud against TERRA FIRMA CAPITAL PARTNERS over the EMI … more »
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November 4, 2010
Terra Firma Vs. Citigroup Trial Over EMI Goes To The Jury
The jury in MANHATTAN has begun deliberating whether CITIGROUP tricked TERRA FIRMA into buying EMI in 2007 at an inflated price. CITIGROUP lawyer TED WELLS told the jury in the EMI trial between TERRA FIRMA CEO GUY HANDS and CITIGROUP YESTERDAY … more »
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November 3, 2010
Juror With Ties To Michael Moore Excused From EMI Trial Jury
The latest surprise in the court trial over EMI between TERRA FIRMA CAPITAL PARTNERS and CITIGROUP didn't involve either GUY HANDS nor CITIGROUP banker DAVID WORMSLEY. Instead, in a wild twist, a juror with ties to filmmaker MICHAEL MOORE was tossed from … more »
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November 2, 2010
Another Ruling Against Terra Firma In EMI Case
Last week (NET NEWS 10/29), TERRA FIRMA CEO GUY HANDS was handed a setback in his court case against CITIGROUP, when U.S. District Judge JED RAKOFF ruled that he would get no more than 25% of the $8 billion in damages initially sought in his case … more »
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October 29, 2010
Judge's Ruling Could Cost EMI Owner If Lawsuit Is Won
In a setback, GUY HANDS would reportedly get no more than 25% of the $8 billion in damages he initially sought in his case against CITIGROUP over the 2007 acquisition of EMI, a judge has ruled. THE FINANCIAL TIMES reports "in an evening conference … more »